Madison Square Garden Profit Soars on Sports Revenue

By

William Launder And

Anna Prior

Updated Aug. 24, 2012 11:20 a.m. ET

Madison Square Garden Co.'s fiscal fourth-quarter earnings soared as its sport division hosted more games, in part due to the New York Knicks and Rangers making the playoffs and the timing of the 2012 basketball season.

The media and sports-entertainment company also benefited from higher affiliate revenue in its entertainment business,...